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Power Of Attorney Sale Deed

Power Of Attorney Sale Deed Template for Germany

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Key Requirements PROMPT example:

Power Of Attorney Sale Deed

"I need a Power of Attorney Sale Deed under German law for our UK-based company to authorize our local German representative to sell our commercial property in Munich, with authority to handle all aspects of the transaction including tax matters and price negotiations up to €5 million."

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Document background
The Power of Attorney Sale Deed is essential in German real estate transactions where the property owner cannot personally handle the sale process. This document is commonly used in scenarios involving overseas sellers, corporate transactions, or situations requiring specialized representation. The deed must be notarized and comply with German legal requirements, particularly those set forth in the BGB (German Civil Code). It includes comprehensive details about the property, the scope of authority granted, and specific powers related to the sale transaction. The document is crucial for ensuring smooth property transfers in the German land registry system and typically includes provisions for handling purchase funds, tax matters, and other sale-related responsibilities.
Suggested Sections

1. Parties: Identification of the principal (owner/seller) and the appointed attorney-in-fact, including full legal names, addresses, and identification details as required by German law

2. Background: Context of the power of attorney, including the reason for appointment and reference to the property sale intention

3. Definitions: Key terms used in the document, including property details, relevant German legal terms, and any specific terminology

4. Appointment and Powers: Express appointment of the attorney-in-fact and detailed enumeration of powers granted, specifically relating to the property sale

5. Property Details: Complete legal description of the property as recorded in the Grundbuch, including land register details and cadastral information

6. Scope of Authority: Specific actions the attorney-in-fact is authorized to take, including negotiating terms, signing documents, and handling funds

7. Duration and Revocation: Term of the power of attorney and conditions under which it may be revoked

8. Governing Law: Explicit statement that the power of attorney is governed by German law

9. Execution: Formal execution clause meeting German notarial requirements

Optional Sections

1. Substitute Attorney: Section authorizing the attorney-in-fact to appoint a substitute attorney - included when delegation authority is desired

2. Financial Authority: Specific powers regarding handling purchase funds, bank transactions - included when financial management is part of the authority

3. Tax Matters: Authority to handle property transfer tax and related tax matters - included when tax handling authority is needed

4. Special Instructions: Any specific limitations or special requirements for the sale - included when there are particular conditions to be met

5. Multiple Principals: Special provisions for multiple principals - included when the property has multiple owners

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including boundaries, easements, and encumbrances

2. Identity Documents: Copies of identification documents of the principal and attorney-in-fact

3. Land Register Extract: Current extract from the Grundbuch showing property details and ownership

4. Translation Certificate: Certified translation if the power of attorney needs to be used in non-German speaking jurisdictions

5. Special Conditions: Any specific conditions or restrictions on the sale authority

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Legal Services

Banking and Finance

Property Development

Construction

Professional Services

Public Administration

Corporate Real Estate

Investment Management

Property Management

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Affairs

Investment

Asset Management

Operations

Risk Management

Transaction Support

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Notary Public

Real Estate Agent

Property Developer

Investment Manager

Corporate Lawyer

Compliance Officer

Real Estate Portfolio Manager

Property Administrator

Legal Administrator

Transaction Manager

Asset Manager

Industries






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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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